P2P trading on Binance is a convenient way to exchange directly between users. However, this platform also has certain risks that you need to be aware of. Below are common scams and how you can protect yourself from these threats.

Common scams on Binance P2P

1️⃣ Fake payment proof
Scammers often create fake payment proofs (screenshots or bank notifications) to trick sellers into confirming the transaction and releasing cryptocurrency before actually receiving payment.

2️⃣ Impersonation
Scammers impersonate reputable traders or Binance support teams to build trust and steal your assets.

3️⃣ Chargeback after transaction
After the transaction is completed, scammers use methods such as requesting a refund from the bank or credit card issuer, causing the seller to lose both money and cryptocurrency.

4️⃣ Phishing attacks
Fake emails or websites impersonating Binance trick users into entering their login information, thereby taking control of their accounts.

5️⃣ Extremely attractive offers
Some people offer unrealistic exchange rates to attract attention, but then take advantage of your lack of vigilance to manipulate the transaction.

How to protect yourself when trading on Binance P2P

✅ Independently verify payments
Always verify transactions through your bank or the Binance app. Never trust screenshots or notifications from third parties.

✅ Enable security features
Use two-factor authentication (2FA) and anti-phishing codes to enhance the security of your account.

✅ Only trade on Binance
Do not conduct transactions outside the Binance platform or through unverified channels. This reduces the risk of being scammed.

✅ Report suspicious behavior
If you detect any signs of a scam, use the built-in dispute resolution tool on Binance for timely assistance.

Additional tips for safe trading on Binance P2P

  • Always read Binance's guidelines carefully: Ensure you fully understand the transaction process and platform policies.

  • Be cautious with strangers: Do not share personal information or bank account details with untrustworthy individuals.

  • Prioritize trading with reputable users: Choose users with many positive reviews and a high transaction completion rate.

🔗 Safe with Binance

Don't let scammers take advantage of you. By following safety guidelines and being vigilant against scams, you can trade confidently on Binance P2P. Please refer to Binance's official security guides to protect your assets.

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